How should monetary policy respond to changes in the relative price of oil? Considering supply and demand shocks

DOI10.1016/J.JEDC.2014.04.002zbMath1402.91497OpenAlexW3123796257MaRDI QIDQ1994567

Michael Plante

Publication date: 1 November 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://caepr.indiana.edu/RePEc/inu/caeprp/CAEPR2009-013.pdf

zbMATH Keywords

inflationinterest ratesoptimal monetary policyoil prices

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Interest rates, asset pricing, etc. (stochastic models) (91G30)

Related Items (1)

A Mathematical Model of Demand-Supply Dynamics with Collectability and Saturation Factors

Cites Work

• Solving dynamic general equilibrium models using a second-order approximation to the policy function

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